Guinness Nigeria posts 14% increase in revenue despite declining beer market

NIGERIA - Guinness Nigeria Plc has reported 14% rise in revenue to US$395.07 million from US$347.93 million recorded in the 2017 financial year despite the continued decline of the beer market, reports Beverage Industry News. The beer market declined by 14% in volume during the year, driven by Ready-to-drink (RTD), stout and lager, which declined…

Guinness Nigeria’s 2018 revenue grows as profit jumps 31%

NIGERIA - Guinness Nigeria’s revenue for the year ended 30 June 2018 increased by 14% from N125.92 billion in June 2017 to N142.98 billion as the company prioritized sustained investment in its brands during the period. This helped in delivering both top line growth, margin expansion. Despite continued challenges in the operating environment, beer and…

Guinness Nigeria Plc. appoints new Finance and Strategy Director

NIGERIA - Guinness Nigeria Plc. has announced the appointment of Mr. Stanley Wanyaoike Njoroge as its new Finance and Strategy Director as well as a member of its Executive Board with effect from 1st March 2018. Mr. Stanley takes the place of Mr. Ronald Plumridge who resigned as Finance Director and a member of the…